The top four mortgage servicers passed the latest compliance tests for the $25 billion national mortgage settlement, but a relative newcomer to the field, Green Tree Servicing, failed eight tests, prompting further scrutiny of nonbank servicers' processes.

Joseph A. Smith Jr., the settlement monitor, said Wednesday that Bank of America (BAC), Citigroup (NYSE:C), JPMorgan Chase (JPM), and Wells Fargo (WFC) complied in the second half of last year with the servicing rules required by the 2012 settlement agreement. The settlement with federal regulators and 49 state attorneys general resulted from servicers' robo-signing foreclosure documents and other lapses, including failures to accurately state the total amounts due from borrowers in affidavits in bankruptcy proceedings.

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